As More Output Is Produced,total Revenue for a Perfectly Competitive

question 53

Multiple Choice

As more output is produced,total revenue for a perfectly competitive firm

• A)increases at an increasing rate.
• B)increases at a decreasing rate,reaches a maximum,and decreases.
• C)is constant and equal to price.
• D)increases at a constant rate.

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Definitions:

ROI

Return on Investment; a financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments.

Return On Investment

Return on investment (ROI) is a financial metric used to evaluate the efficiency of an investment, calculated as the net profit divided by the cost of the investment.

ROI

Return on Investment is a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Residual Income

The amount of income that an entity has after all personal debts and expenses, including a mortgage, have been paid.